An impressive group of companies recently formed a new carbon measurement initiative called Carbon Measures. The website is light on substance, but it’s only been a week. There is a peek into where things are heading with the group in these FAQs:
“What is a product-level carbon intensity standard?
A product-level carbon intensity standard sets a maximum level of emissions allowed per unit of a product – for example, CO2 per tonne of steel or per watt of electricity. It’s a mandatory standard that all producers selling into a market must meet.
What is a ledger system?
A ledger system enables companies and suppliers to accurately calculate and track carbon emissions of their product at each step of its lifecycle. Just as a standard accounting practice assigns the cost of materials and overhead to a finished product, carbon ledgers assign and keep track of the emissions of various outputs to the correct product. This allows for the associated carbon to follow the asset through the product lifecycle.”
Is this really needed? And why now? Stay tuned.
Member can learn more about carbon accounting here.
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